Singapore-Malaysia financing link ties Alibaba to Nvidia chip probe

A Singapore company owned by Alibaba had a financial arrangement with Megaspeed International's Malaysian subsidiary, linking the Chinese tech giant to an Nvidia chip buyer under US investigation for possible diversion of advanced AI chips to China. Corporate records show Speedmatrix, Megaspeed's Malaysian unit, pledged IT equipment, intellectual property, and related rights to Apex Enterprise Solutions under a June 2024 agreement, which remained active as of Nov 11, 2026. US short-seller Culper Research alleged in May that Alibaba may have channeled billions through Apex to finance Megaspeed's Nvidia chip purchases. Apex, incorporated in Singapore in July 2023, is ultimately owned by Alibaba Group Holding. Megaspeed owns seven subsidiaries across five markets, and US authorities began investigating it in late 2024. Singapore police confirmed their own probe in October 2025.